It appears many people have shifted to a discussion of the bail out to a discussion of what's in the bail out for me. The loss of the big picture is frightening to me. It doesn't matter what's in it for me if this puts our country into bankruptcy. Why do we think bigger debt will solve the problems of current debt and debt mismanagement. It seems to me this is like having a child who got into something that is over their head. When that happens what is the best way to "help" the child? Bail them out? Let them learn their own lesson the hard way? When a child gets bailed out the first time their reaction is telling to whether it was a good idea or not. If the child continues in the same direction the bail out was not a good idea. When they change direction and show responsibility where before there was none it was a good idea. So we did a bail out and now we are on the second bail out with some of the same players. Hmmmmmmmmmmm, I wonder what the lesson was those players learned. It seems to me they learned to stick their hand out. And that lesson is trickling down to the folks who now have their hands out. What kind of a hole are we digging? I know I have said this before but here is my opinion of what we should do and this is all we should do. Everyone else should be on their own.

The Fed and Treasury have the ability to borrow money for 10 years for under 3%. They make loans for 4%. These loans would be for conforming situations only and should be for purchases and refinances. No funky programs all Fannie/Freddie guidelines but at 4% everyone would be refinancing and the lowered interest would be a real stimulus to the folks and this program would really be a loan. In fact to borrow at 3% and loan at 4% the Fed/Treasury could actually pay off some debt. Why on earth would anyone be even considering putting our country into the massive debt that being tossed around currently when there are real options for helping people without killing our capitalist society.